CNNC announces largest ever annual investment plan on nuclear power, new energy

China National Nuclear Power Co (CNNC) recently unveiled its 2023 investment blueprint, worth of 80.02 billion yuan ($11.58 billion), which is a near 60 percent of year-on-year increase, also marking the highest annual investment since it was listed on the stock market. According to the announcement, the annual investment plan was devised based on the …

Future of nuclear power growth lies outside Europe and N. America

For the past half century a majority of the world’s nuclear power generation capacity has been based in Western Europe and North America, with France and the United States alone accounting for nearly half of the global capacity footprint. Going forward, 85% of prospective capacity additions lie outside those countries, with China, India, Russia and …

Vistra moves more deeply into nuclear power with planned $3.43B acquisition of Energy Harbor

The deal will accelerate the growth of Vistra’s zero-carbon operations, adding about 4,000 MW of nuclear capacity and about 1 million retail customers, Vistra said. Energy Harbor says it supplies about 33 terawatt-hours of nuclear power to customers in the PJM Interconnection market annually, enough to power more than 3.5 million homes and businesses. It owns and operates …

Westinghouse Celebrates First Criticality at Vogtle Unit 3 with Southern Nuclear, Georgia Power and Other Partners

Westinghouse AP1000® Reactor Marks New Era for Nuclear Energy in the United States Westinghouse Electric Company today celebrates an important milestone for Southern Nuclear, Georgia Power, and other project partners as Plant Vogtle 3 achieved the initial criticality of self-sustaining nuclear fission. Plant Vogtle, located near Waynesboro, GA, is the site of the first two …

It is ‘necessary’ and ‘feasible’ to build nuclear power plants in inland areas: national political advisors

Fifteen national political advisors submitted a joint proposal to the ongoing two sessions, highlighting the necessity and feasibility of building nuclear power plants in inland areas, strengthening the development of nuclear power, expanding the spatial distribution of nuclear power and promoting the comprehensive use of nuclear energy for heating. The 20th National Congress of the Communist Party …

How TVA plans to make East Tennessee a leader in the next generation of nuclear energy

Clinch River site could house the first small modular nuclear reactor on TVA’s grid. Just weeks after Gov. Bill Lee proposed investing $50 million to recruit companies to make Tennessee a leader in nuclear energy, the Tennessee Valley Authority gave the public its first look at the Clinch River Nuclear Site that could house the …

U.S. Department of Energy Releases Guidance for Second Award Cycle of Bipartisan Infrastructure Law’s $6 Billion Civil Nuclear Credits Program

The U.S. Department of Energy (DOE) today released application guidance for the second award cycle of the Civil Nuclear Credit (CNC) Program (BIL provision 40323), a $6 billion investment made possible by President Biden’s Bipartisan Infrastructure Law to prevent the premature retirement of nuclear reactors across the country. Nuclear reactors are a reliable and consistent energy resource …

Nuclear Regulatory Commission Approves PG&E Request Related to Continued Operations at Diablo Canyon Power Plant (DCPP)

On March 2, 2023 the Nuclear Regulatory Commission (NRC) approved Pacific Gas and Electric Company’s (PG&E) exemption request to allow continued operations at Diablo Canyon Power Plant (DCPP) past the plant’s current licenses. This exemption will allow PG&E, similar to exemptions granted to other utilities, to continue operating both units at DCPP while the company’s …